Examples of Series B Conversion Rate in a sentence
The Series B Conversion Rate from time to time in effect shall be subject to adjustment from time to time as follows.
The number of shares of Common Stock into which each share of the Series B Preferred Stock may be converted (the "Series B Conversion Rate" or the "Conversion Rate") shall be determined by dividing the Series B Original Price by the Conversion Price (determined as hereinafter provided) in effect at the time of the conversion.
If any such event is announced or declared but does not occur, the Series B Conversion Rate shall be readjusted, effective as of the date the Company announces that such event shall not occur, to the Series B Conversion Rate that would then be in effect if such event had not been announced or declared.
Upon the occurrence of each adjustment or readjustment of the Series A Conversion Rate or Series B Conversion Rate pursuant to this Section 6, the Corporation at its expense promptly will compute such adjustment 15 or readjustment in accordance with the terms hereof and prepare and furnish to each holder of Series A or Series B Preferred Stock, a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based.
If more than one person will be working on the account, you must set up clerk accounts and assign clerks roles for the various functions the clerks will be performing.On the Account Home page, click Clerk Maintenance.